News Topic: Penalties and fines

U.S. court filings on Tuesday revealed how little some Standard Chartered employees heeded U.S. sanctions, and how they dissembled in order to hold onto profitable clients. ... Read full article

Clayton is the latest to raise concerns about bank loans to highly indebted companies; Wells Fargo’s performance took a hit with its reputation. ... Read full article

The 65 people laid off in late February is only the beginning, report says; Bank of America CEO also tackles mortgages, the economy and gender issues. ... Read full article

OCC orders USAA to improve risk management; White House's mixed signals complicate housing finance reform debate; Rhode Island bank snaps up dealmaking boutique; and more from this week's most-read stories. ... Read full article

If verdict stands, it could raise ceiling on anti-laundering penalties; better-than-expected results buy Barclays chief more time on current strategy. ... Read full article

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue. ... Read full article

The consumer bureau says the online lender improperly extracted millions from over 5,000 accounts without getting authorization. ... Read full article

Bank of England Governor Mark Carney said threats of jail for bankers are just a bluff and the real weapon to improve behavior is hitting pay packets. ... Read full article

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages. ... Read full article

The consent order against California Check Cashing Stores is part of a broader crackdown by the Department of Business Oversight on small-dollar lenders trying to skirt interest-rate limits. ... Read full article

Santander taps JPMorgan Chase exec Colleen Canny to lead retail network; can Trump actually fire Fed's Powell?; will 2019 bring long-awaited reform of Fannie Mae, Freddie Mac?; and more from the past two week's most-read stories. ... Read full article

The alleged supervisory lapses occurred over a five-year period, according to the regulator. ... Read full article

Bank hit, but CEO Jes Staley escapes NYS fine for trying to unmask a whistleblower; Malaysia will pursue criminal complaints against Goldman in other countries. ... Read full article

The two agencies seek to end the acrimony with the companies they regulate; the government is trying to make it easier for the wounded Deutsche Bank to merge with rival Commerzbank. ... Read full article

Société Générale pays more than $1 billion for working with Cuba and others; Fed vice chair in line for global regulator chief role. ... Read full article

The French bank was hit with a billion-dollar fine after it was found to have unsafe practices that violated sanctions against Cuba and other sanctioned countries. ... Read full article

Cash Express LLC allegedly sent customers threats of legal action even though the time for taking legal action had expired. ... Read full article

The civil money penalty from the Office of the Comptroller of the Currency follows a 2015 consent order against the bank, which became a subject of federal questioning after it suspended its business with check cashers. ... Read full article